Global Economic Times

2026.06.27 (Sat)
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Kia’s Strategic Pivot: Accelerating Electrification Through SDV, PBV, and EREV Innovation

At the 2026 Busan Mobility Show held on June 26, Kia Corporation unveiled a comprehensive future mobility strategy centered on three core pillars: Software-Defined Vehicles (SDV), Purpose-Built Vehicl
Hyundai Motor Prioritizes "Customer Experience" Over Pricing: Aiming for Lifelong Loyalty with the New Avante

BUSAN, South Korea — At the 2026 Busan Mobility Show held at BEXCO on June 26, José Muñoz, President and CEO of Hyundai Motor Company, unveiled a bold vision for the future of the

Incheon Port Authority Overhauls Incentive Program to Boost Cargo Throughput

The Incheon Port Authority (IPA) has announced a significant restructuring of its long-standing incentive program, aiming to reinvigorate cargo traffic and solidify the port’s position as a prem

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Electrification Innovation: The 13kg Motor Opening the Future of Electric Vehicles: The advent of the electric vehicle (EV) era is fundamentally transforming the automotive industry. The roar of the internal combus ...; KO YONG-CHUL Reporter 2025.10.09

The Emergence of a Future Internal Combustion Engine Running on Ethanol Fuel, Not Electric or Hydrogen: Amidst the anticipated widespread shift toward electric and hydrogen vehicles, Mahle, a German automotive components company, is d ...; Yim Kwangsoo Correspondent 2025.10.09

Vietnam Airlines Launches New Hanoi-Cebu Direct Route: Accelerating Expansion of Southeast Asian Air Links: HANOI — Vietnam Airlines, Vietnam's national flag carrier, will launch a new direct air route connecting Hanoi, Vietnam, and ...; Shin Yeju 2025.10.09

Phoenix Silicon International's NT$1.85 Billion Investment in New Taichung Plant: Phoenix Silicon International Corp, the world's largest supplier of reclaimed wafers, announced an investment of NT1.85billion(app ...; Eugenio Rodolfo Sanabria Reporter 2025.10.09

Chile Accelerates Energy Transition with Massive Battery Energy Storage System (BESS) Expansion: Chile is ramping up grid stabilization and energy transition efforts through large-scale Battery Energy Storage System (BESS) proj ...; Pedro Espinola Special Correspondent 2025.10.08

Peru Tourism Relaunches Strategy to Target the South Korean Market with 'My Peru Story 2' Campaign: The Commission for the Promotion of Exports and Tourism (PromPerú) has launched its second large-scale campaign, "My Peru S ...; Hwang Sujin Reporter 2025.10.08

Delays Plague Boeun's Third Industrial Complex; Groundbreaking Pushed to October Next Year: BOEUN — The development of the Boeun 3rd Industrial Complex in the area of Sajik-ri and Goseung-ri, Tanbu-myeon, is facing a ...; Hwang Sujin Reporter 2025.10.05

UK Poised to Lead Europe in Direct-to-Device Satellite Connectivity: London — The United Kingdom is fast positioning itself as a leader in the next generation of telecommunications, specificall ...; Eugenio Rodolfo Sanabria Reporter 2025.10.05

SNS Market Soars Threefold in Korea, Driven by Women and the 30s Demographic: The South Korean market for goods sold through Social Network Services (SNS markets), such as Instagram and Facebook, has experien ...; Ana Fernanda Reporter 2025.10.05

Electric Vehicle Market in South Korea: A Youth-Driven Revolution: The South Korean electric vehicle (EV) market is undergoing a significant demographic shift, with younger generations, particularl ...; Global Economic Times Reporter 2025.10.05

Apple Pivots Strategy: Smart Glasses Take Center Stage, Vision Pro Redesign Paused: SAN FRANCISCO — Apple is reportedly shifting its hardware development priorities, temporarily suspending plans for a major o ...; KO YONG-CHUL Reporter 2025.10.03

Convenience Stores Cash In as Chinese Tourists Return to Myeongdong: SEOUL—South Korea’s convenience store sector is experiencing a significant uplift, particularly in major commercial di ...; Shin Yeju 2025.10.02

Hyundai Motor and Kia Achieve 'Double-Digit Growth' in U.S. Market in September... Record-High Quarterly Performance: Hyundai Motor Company and Kia continued their strong performance in the U.S. market in September, recording double-digit sales gro ...; Eugenio Rodolfo Sanabria Reporter 2025.10.02

MBA Programs Drive Korea's AI Talent Surge: A New Era of Corporate Leadership: SEOUL, South Korea - Korean MBA programs are undergoing a radical re-engineering, positioning themselves as critical incubators fo ...; KO YONG-CHUL Reporter 2025.10.01

Future of Mobility: Japan's Auto Giants Eye Electric Cars and Aircraft at Show: TOKYO—With the highly anticipated Japan Mobility Show 2025 fast approaching, global attention is fixed on Tokyo as major Jap ...; KO YONG-CHUL Reporter 2025.10.01

South Korea's Tourism Sector Soars, Exceeding Pre-Pandemic Levels: SEOUL – South Korea's tourism industry is experiencing a remarkable rebound, with a significant increase in foreign visitors ...; Shin Yeju 2025.09.30

U.S. Gaming Giant Electronic Arts to Go Private in Record $55 Billion Buyout: NEW YORK—Electronic Arts (EA), the powerhouse U.S. video game publisher known for blockbuster franchises like Battlefield, F ...; Pedro Espinola Special Correspondent 2025.09.30

South Korea Unveils Visa-Free Travel for Chinese Tourists, Igniting Tourism Boom: South Korea's tourism sector is buzzing with excitement as a temporary visa-free entry policy for Chinese group tourists officiall ...; Hwang Sujin Reporter 2025.09.29

Global Machine Tool Industry Rattled by South Korea-Led M&A Blitz: The global machine tool industry, often called the "mother machine" sector for its role as the backbone of manufacturing, is under ...; Pedro Espinola Special Correspondent 2025.09.29